Introduction

This case study of a large enterprise health care company is based on a May 2019 survey of Kyriba customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

 

“Treasury could not support all of the specialised reporting that business units rely on without the automation that Kyriba offers. Forecasting has become more accurate and closing times have significantly decreased. “

 

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Kyriba:

  • Challenges they faced that caused their organisation to buy Kyriba:
    • Inefficient manual processes that wasted time and resources
    • Improved decision support

 

Use Case

The key features and functionalities of Kyriba that the surveyed company uses:

  • Has been a customer of Kyriba for 3-4 years
  • Kyriba solution categories they are using:
    • Treasury Management (cash management, forecasting, debt, investments, BAM)
    • Payments (treasury and supplier payments, payments hub)
  • Top purchasing drivers for selecting Kyriba:
    • Commitment to security
    • Depth of product functionality
    • 100% SaaS

 

Results

The surveyed company achieved the following results with Kyriba:

  • Biggest business benefits since choosing Kyriba:
    • Increased productivity
    • Freeing up time for more strategic initiatives
    • Reduced costs via cloud automation
    • Improved working capital management
    • Ability to maximise short-term cash investments
    • Improved executive decision support
  • Rates the following since implementing Kyriba:
    • Improved staff productivity by automating treasury management processes: >75%
    • Increase in time spent on strategic initiatives by reducing: 50-75%
  • Improved cash returns by up to 15% since implementing Kyriba for better global cash visibility
  • Experienced an ROI of 2X with their Kyriba investment
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